8,999 Shares in Life360, Inc. (NASDAQ:LIF) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,999 shares of the company's stock, valued at approximately $371,000.

Several other institutional investors have also recently added to or reduced their stakes in LIF. WealthPlan Investment Management LLC increased its stake in Life360 by 2.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 9,992 shares of the company's stock worth $412,000 after purchasing an additional 247 shares during the period. New York State Common Retirement Fund acquired a new stake in Life360 during the 4th quarter worth approximately $25,000. Corebridge Financial Inc. lifted its holdings in Life360 by 64.0% during the 4th quarter. Corebridge Financial Inc. now owns 5,092 shares of the company's stock worth $210,000 after buying an additional 1,987 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Life360 in the 3rd quarter valued at approximately $98,000. Finally, SG Americas Securities LLC grew its stake in shares of Life360 by 54.1% in the fourth quarter. SG Americas Securities LLC now owns 9,649 shares of the company's stock worth $398,000 after acquiring an additional 3,386 shares in the last quarter. Institutional investors and hedge funds own 20.00% of the company's stock.

Insider Activity at Life360

In related news, CFO Russell John Burke sold 3,104 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.78, for a total transaction of $145,205.12. Following the transaction, the chief financial officer now owns 148,754 shares in the company, valued at $6,958,712.12. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Lauren Antonoff sold 5,500 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $38.38, for a total value of $211,090.00. Following the completion of the sale, the chief operating officer now owns 312,302 shares of the company's stock, valued at approximately $11,986,150.76. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock valued at $6,920,032 in the last ninety days.

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Life360 Trading Down 0.6 %

Shares of LIF traded down $0.24 during mid-day trading on Monday, reaching $38.39. The company's stock had a trading volume of 614,421 shares, compared to its average volume of 366,725. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.77. The company's 50 day moving average is $43.45 and its 200 day moving average is $43.06.

Life360 (NASDAQ:LIF - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $115.53 million during the quarter, compared to analysts' expectations of $114.39 million. Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. As a group, equities research analysts expect that Life360, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on LIF. UBS Group upgraded Life360 from a "neutral" rating to a "buy" rating and increased their price objective for the company from $52.00 to $55.00 in a research note on Friday, January 17th. Canaccord Genuity Group upped their price target on Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $47.63.

Life360 Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.